Treasury workstations - the economics: a roundtable

Article Abstract:

A panel discussion of the economics of implementing treasury management information systems includes the views of Martin Bronstein of First National Bank of Chicago, Edward Glanz of Abbott Laboratories, James P. Long (an independent consultant), and Lynn Stegner of Morton Thiokol. It is estimated that to develop and market treasury software programs costs $250,000 per year and that firms involved in the business must sell 150 workstations during a three-year period to break even. Approximately 35 percent of the large corporations in the U.S. have purchased treasury management information systems. The current leader in the marketing of such systems is ADS, and this corporation charges an average price of $24,700 for a treasury management information system. In a survey of 95 systems users, Future Technologies has the best customer satisfaction rating.

Economic aspects, Automation, Controllership, panel discussion

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Cash managers forge strategic role in electronic era

Article Abstract:

Electronic business data interchange (EBDI), which involves the completion of everyday business transactions in machine-readable format, can increase working capital and vastly improve cash flow forecasting. The benefits of EBDI are described. Treasury managers should become the EBDI experts in their companies, and one way to do so is by researching the American National Standards Institute's (ANSI) X12 National Standards for electronic purchase orders, payment advices, and invoices.

Standards, American National Standards Institute, Online transaction processing, Electronic data interchange, EDI (Electronic data interchange)

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Don't bank on accurate, timely account analyses

Article Abstract:

Account analyses generated by bank computers are, in general, untimely and inaccurate. Banks are quick to debit accounts, but they take their time when crediting these same accounts. Unfortunately, this is a problem that is not improving and banks should devote more resources to servicing corporate accounts.

Banking industry, Financial institutions, Bank automation, Bank accounts

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